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Oceaneering Intl Bearish Moving Average Crossover Alert (OII)

By David Diaz

Oceaneering Intl (NYSE:OII) crossed under its 10-day moving average of $18.56 on a volume of 489K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Oceaneering Intl share prices have moved between a 52-week high of $28.62 and a 52-week low of $10.74 and are now trading 61% above that low price at $17.33 per share. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 0.2%.

SmarTrend is monitoring the recent change of momentum in Oceaneering Intl. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Oceaneering Intl in search of a potential trend change.

Keywords: moving crosses oceaneering intl

Ticker(s): OII